CubeSmart Investor Presentation Deck
Historical Company Data
Same-Store Performance ¹
Revenue Growth
NOI Growth
YOY Occupancy Growth (BPS)
Annual Avg. Occupancy
External Growth
# Acquired Properties
Acquisition Value ($MM)
# of Development Openings
Cost of Development Openings ($MM)
# of Disposed Properties
Disposition Value ($MM)
Trading & Valuation Metrics
Market Equity Value²
Total Market Capitalization²
Total Gross Assets²
P/FFO (Trailing)³
FFO Payout Ratio
Dividend Yield5
2010
0.3%
1.0%
0.6%
76.8%
2 CUBESMART
12
$85.1
0
$0.0
16
$38.1
2011 2012 2013 2014 2015 2016
3.6% 3.8% 7.4% 7.2% 7.3% 7.0%
5.7% 6.0% 9.3% 9.6% 9.6% 10.2% 5.1%
2.0% 3.4% 5.3% 2.6% 1.5% 0.8% 0.2%
78.8% 82.6% 88.4% 90.8% 92.3% 92.9%
93.1%
27
$467.1
0
$0.0
20
$189.8
0
37
$432.3
0
$0.0
19
26
$45.2 $60.0 $126.4 $0.0
$0.0
35
$42.3
0
53
$568.2
2017 2018
4.4% 3.3%
3.3%
(0.2%)
92.7%
29
$292.4
3
$49.3
8
$37.8
7
28
$403.6 $80.7
2
4
$64.0 $168.0
0
0
$0.0 $0.0
10
$227.5
1
$92.1
2
$17.5
$965 $1,277 $2,049 $2,335 $3,752 $5,496 $4,875 $5,324 $5,425
$1,580 $2,035 $3,073 $3,474 $4,926 $6,758 $6,471 $6,659 $7,172
$1,793 $2,195 $2,504 $2,757 $3,278 $3,709 $4,146 $4,298 $4,615
18.7x 16.4x 19.7x 17.5x 20.4x 24.5x 18.6x 18.2x 17.5x
28.4% 44.6% 47.3% 50.5% 50.9% 55.2% 62.5% 69.8% 74.4%
2.7% 2.4% 2.9% 2.5% 2.7% 3.4% 3.8%
1.5%
4.3%
1. Performance as reported for the same-store pool as it was constituted at the end of the respective year
2. Year-ending values as detailed in Company's supplemental packages
3. Calculated as ending common share price / funds from operations per share, as adjusted. Please refer to CubeSmart's public filings for a detailed explanation of FFO and how it
reconciles to a GAAP measure
4. Calculated as annual common distributions per share / funds from operations per share, as adjusted
5. Calculated as annual dividend per share / ending common share price
2019
1.9%
1.1%
0.0%
92.4%
29
$246.6
3
$90.6
1
$4.1
$6,155
$8,087
$4,955
18.6x
76.3%
4.1%View entire presentation